Rest Less, a Social Enterprise Startup Focussed on the Over 50s, Raises £3 million in Seed Funding
by Startacus Admin
Major investment for 'Rest Less', the jobs, volunteering, advice and money information site for the over 50s
Investment news from Rest Less, a social enterprise startup offering jobs, volunteering and guidance for the over 50s, with the announcement that it has just raised £3 million in seed funding. 
Rest Less launched in December 2018 as an online platform, specifically targeted at the growing population of over 50s. It offers fulfilling opportunities to work, volunteer or find a new career path. Since launch, Rest Less has been on a mission to raise awareness of the challenges faced by this demographic in the workplace.
The investment round was led by QED Investors, a leading boutique venture capital firm based in the US. There was also participation from 1818 Venture Capital alongside a number of angel investors. Early investors in Rest Less include Octopus Ventures.
The investment will be used to continue to build and enhance the Rest Less platform and expand quality services to its users.
%20(1).jpg "Stuart Lewis")
Stuart Lewis, Founder and Chief Executive Officer at Rest Less, commented:
“We are excited to improve and grow the Rest Less platform so we can help more over 50s in the workplace, but also in other areas of their lives. Since launch, we have worked hard to raise awareness of the challenges our audience face, as well as highlighting the many positives they can bring to the workplace and wider society.
‘We want to help this under-served, and under-represented group of individuals navigate the challenging and ever changing employment landscape - as well as helping them to find broader mental and financial well being as a result.”
Yusuf Ozdalga, Partner at QED Investors, added:
“Society is ageing and the employment and financial services landscape for the over 50s is changing with it. This demographic is chronically underserved, which brings exciting business opportunities for those who understand the audience, and who are focussed on helping them achieve what is important to them. Rest Less stood out to QED as a business squarely focussed on championing the needs of its audience and raising awareness of the issues they face. With demographic trends on its side, Rest Less offers that perfect intersection of an exciting business opportunity with a strong social purpose at its core.”
With 20 million adults in the UK aged between 50 and 74 and with 80% of the growth in employment over the last decade coming from the over 50s, we reckon that Rest Less is most certainly one to watch.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Coronavirus. How do you survive as a business owner with minimal or no business at all? Consider the following tips...
Crowdcube launches campaign and calls on the government to take action to protect Britain's entrepreneurial future...
A UK-based social enterprise Lanterne, has developed, and is soon to launch, Keep Your Distance, a free app that will help us observe social distancing.
Bring! is a digital grocery tool that simplifies grocery shopping for you and anyone you are shopping for.
In a bid to help brands during the current pandemic, the GreenJinn grocery app makes some rapid changes to its service
Coronavirus & furloughing employees. Nichola Hailes of Payfit looks to answer some of the most frequently asked questions about the job retention scheme.
For startups entering the food industry, here's why accurate labelling on ready-to-eat food products is important.
Whether you’re looking to create a frugal startup, or it’s already up and running, here are 4 tips to reduce costs while keeping the work environment pleasant.
The Belfast-based startup that provides a fully managed 24/7 Software-as-a-Service (SaaS) for securely storing and sharing assets, packages and containers.
The insolvency technology startup secures funding to help support the UK's most vulnerable consumers to avoid bankruptcy
Published on: 9th March 2020
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Save Our Startups campaign launched 5th Apr 2020 Crowdcube launches campaign and calls on the government to take action to protect Britain's entrepreneurial future...
- Cerebreon the Irish deep learning startup raises £1.5m in seed funding 31st Mar 2020 The insolvency technology startup secures funding to help support the UK's most vulnerable consumers to avoid bankruptcy
- Chivas Venture divides this year's $1m Venture Fund between 26 global Startups 23rd Mar 2020 In response to the COVID-19 pandemic, Chivas Divides its $1m No-Strings Venture Fund Between 26 Startups
- The open-source design of emergency ventilators for COVID-19 patients 20th Mar 2020 World Wide Community of over 500 designers engineers & medics finalising prototypes for safe scalable manufacture & rapid field deployment..
